Climate Change Could Cut Corn Belt Crop Yields by Up To 40 Percent by Increasing Unfavorable and Extreme Weather by Mid-Century, According to a New Report
Considering that 13 states in the U.S. are responsible for nearly 30 percent of global corn crop, Verisk, Brookings Institution Scholarship and experts at AXIS Capital collaborated to quantify the impact from climate change on agricultural risk
Boston, April 28, 2021 (GLOBE NEWSWIRE) -- Thirteen states in the United States, known as the Corn Belt, are responsible for 90 percent of the corn grain and produce in the country and almost 30 percent of the global corn crop. Using climates projected by four climate models as inputs, simulated yields across the Corn Belt during the decade 2046–2055 were 20–40% less than yields simulated during the 1991–2000 decade due to impact of climate change on weather, according to a new report. In addition to the reduction in average yield during the 2046-2055 simulation decade, the year-to-year variation in yield increased significantly with climate change, reflecting a reduction in stability of yield and an associated increase in the risk of catastrophic crop losses.
In collaboration with Verisk (Nasdaq:VRSK), a leading global data analytics provider, David Victor, who at the Brookings Institution has done in-depth research on how the physical impacts of climate change may affect US financial markets, and experts from AXIS Capital, explored how climate change may affect agricultural risk in the United States, specifically looking at the impact on corn yield.
“There is justified concern about effects of recent and future climate changes on agriculture both in the United States and across the globe,” said Dr. Peter Sousounis, vice president and director of climate change research, AIR Worldwide. #globalwarming #climatechange #carboncompensation #bluesky #climateemergency #climatecrisis #blueskye #blueskyefoundation